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258 Old River Rd, Edgewater, NJ, 07020

--beds
--baths
--sqft
$2,250,000
--price/sqft
$14,721/moest. monthly cost
$588,840/yrincome needed

About This Home

Discover an unparalleled investment opportunity in Edgewater NJ featuring 3 residential units and 1 commercial space. This fully occupied mix-use property offers two 1 bedroom units, one 2 bedroom unit and retail space on the street level. Ideal for those wishing to enjoy a high-quality residence while generating rental income from well-maintained units, or for investors looking to add to the property value by adding one to two more units to the existing single family home. Don't miss the chance to capitalize on this versatile and lucrative real estate opportunity. This wonderful Edgewater's location and attractions further contribute to the investment potential of this property. Being close to all the great things the city has to offer, such as entertainment venues, restaurants, parks, and easy commute to NYC.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

Construction

Materials

  • Roof: Flat

Type & Style

  • Home type: Apartment
  • Property subType: Mixed Use

Property

Details

  • Parcel number: 1300090000000024

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $11,377$136,524
Home Insurance *$192$2,304
Property Taxes $2,959$35,508
Electricity $193$2,318
Total$14,721$176,652
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$504,720/yr
40% on housing$441,630/yr
45% on housing$392,560/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07020$606
Bergen County$632

vs Homes Sold Last Month

Median $/sqft

ZIP 07020$723
Bergen County$452

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-24Listed for sale$2,250,000
2022-10-28Sold$1,650,000
2021-03-08Listing removed--
2018-12-28Listing removed$1,950
2018-12-17Price change$1,950
2018-11-26Listed for rent$2,000
2012-10-02Listing removed$1,650
2012-08-17Listed for rent$1,650

For Sale by Agent

AgentIn Kim
BrokerageRE/MAX SELECT - Fort Lee

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